Category: Mergers, Acquisitions and Divestitures

Musk Said to Begin Firing Twitter’s Top Executives

The New York Times – Business:
Some of Twitter’s top executives were fired on Thursday as Mr. Musk completes his takeover of the social media company.
SPAC Tied to Trump Media Says Early Talks Were Not ‘Substantive’

The New York Times – Business:
Lawyers for Digital World recently told regulators that the SPAC had not violated any rules by talking to Trump Media before going public.
Twitter Tries Calming Employees as Deal With Elon Musk Looms

The New York Times – Business:
With Mr. Musk’s $44 billion deal to buy Twitter set to close no later than Oct. 28, the company is trying to reassure workers about their employment and compensation.
U.S. Details How It Plans to Police Foreign Firms

The New York Times – Business:
A government committee issued new guidelines for how it determines penalties for foreign companies that break agreements to protect U.S. national security.
Spirit Airlines Shareholders Back Sale to JetBlue

The New York Times – Business:
The acquisition still faces a long journey to completion, including antitrust scrutiny from the Biden administration.
Kanye West Agrees to Buy Parler, Company Says

The New York Times – Business:
The agreement in principle to buy the social media service comes days after Twitter and Instagram restricted the rapper’s account for violating its terms.
As Fox and News Corp Weigh Merger, an Activist Has Its Own Vision

The New York Times – Business:
Irenic Capital Management, which has a $150 million stake in News Corp, wants the company to split up its media and real estate listings businesses.
Fox and News Corp, After Years Apart, Explore Merger

The New York Times – Business:
A union would represent an about-face for both companies, which told investors nearly a decade ago that they were better off apart.
What the $24.6 Billion Kroger-Albertsons Merger Could Mean for Groceries

The New York Times – Business:
Two of the largest U.S. supermarket chains hope to join forces as inflation pushes food prices higher and as Amazon and Walmart become more powerful.
Kroger and Albertsons, Grocery Giants, Are Said to Be in Talks to Merge

The New York Times – Business:
A deal could be the industry’s largest in years and would almost certainly invite antitrust scrutiny from regulators.